The linear and symmetric approach of neoclassical economics is elegant, intuitive and very attractive, especially to those in power. However, the global financial crisis showed clearly that we are facing a huge paradigm blindness and therefore a paradigm crisis.
Címke: China
The deceased parrot and the quacking swan – Willem Buiter’s lecture at Economania
Willem Buiter, one of the leading economists of our age, delivered a lecture on the outlook for, and the challenges facing, the world economy. Mr Buiter was a guest at an event held as part of a series called ‘Economania’ organised by the MNB Department at Corvinus University.